Trustees of the College of the Holy Cross

“The college's executive committee is subordinate to the board of trustees. However, between meetings of the board of trustees, the executive committee has all the powers and duties of the board of trustees except to approve or authorize changes in the articles of incorporation or bylaws; to remove or elect officers of the corporation or the president of the college; to effect any major change in the nature of the operations of the college; to authorize any mortgage or encumbrance on all or any substantial part of the property of the corporation; or to confer honors or degrees. Executive committee members are members of the board of trustees. The committee for the year ended june 30, 2024 included; helen w. Boucher, m.d., emmett j. Daly, rev. C. Kevin gillespie, s.j., cheryl a. Martin, james f. Mooney iii, and vincent d. Rougeau.”

“The draft form 990 is provided to the committee on audit and institutional risk of the board of trustees sufficiently in advance of the filing deadline to enable a detailed and conscientious review by all members of the committee with management and the college's tax advisor. All questions and concerns of the committee on audit and institutional risk members are addressed and incorporated into the form 990 as appropriate. After the committee on audit and institutional risk review, all members of the board of trustees are provided with a complete form 990 in advance of the filing deadline via a dedicated college website. All questions and concerns of the members of the board of trustees are addressed and incorporated into the form 990 as appropriate. After all input from the board of trustees and the committee on audit and institutional risk has been appropriately addressed, the treasurer of the college authorizes the college's tax advisor to file the form 990.”

“All officers, trustees, and key employees assume responsibility for considering possible conflicts of interest that arise during service with the college. To help officers, trustees, and key employees identify possible conflicts of interest, the college has developed a disclosure form that must be completed and updated at least annually during the course of their service. Officers, trustees, and key employees must also disclose any conflict of interest as soon as they become aware of any conflict. The college's assistant treasurer, in consultation with general counsel, will review the disclosures and report conflicts of interest to the chair of the board of trustees and the committee on audit and institutional risk. The committee on audit and institutional risk considers the best interest of the college and the nature of the conflict. The committee on audit and institutional risk evaluates the circumstances of the issue or transaction to ensure that it is reasonable and that they have considered any potential implications of entering into a transaction or deciding an issue where a conflict exists. The committee on audit and institutional risk may consider whether advice from legal counsel or other independent advisors is necessary in particular instances. The committee on audit and institutional risk will deliberate on the reported conflict and vote to make one of two determinations: that no material conflict of interest exists and no action is necessary or that a material conflict of interest does exist and determine how to address the identified conflict. These findings will be communicated with the chair of the board of trustees and the board meeting minutes shall reflect the nature of the conflict and the committee on audit and institutional risk's determination with respect to the specific procedures the member will follow regarding the issue or transaction.”

“The bylaws (article 2, section 6) of the college establish that the board of trustees has the authority to hire, employ, and set the remuneration of the president and officers of the corporation. The executive committee, an independent authorized body of the board of trustees, has been assigned the responsibility for evaluating compensation reasonableness for all officers and highly paid employees. The executive committee reviews the entire compensation package including benefits by assessing the nature and scope of each position, assessing the individuals holding each position including their unique background, experience, personal skills, performance, and by obtaining appropriate and comparable comensation market data from similarly situated organizations, both for-profit and tax-exempt for functionally comparable positions including comparative data from other colleges and universities, market surveys, and independent compensation surveys by nationally recognized independent firms. The executive committee deliberates the information provided and relative contribution of each individual before voting on a compensation package. Records of the executive committee are adequately documented. The last external compensation study was performed in june of 2024.”

“The college's governing documents, articles of incorporation, and bylaws are available upon request. The conflict-of-interest policy is also available upon request. The college's financial statements are posted on the college website under the office of the controller.”

“Dedicated to the pursuit of excellence in teaching, learning, service of faith, and promotion of justice.”

“To educate students who, as leaders in business, professional, and civic life, will live by the highest intellectual and ethical standards by creating an environment in which integrated learning is a shared responsibility leading all members to make the best of their own talents, to work together, to serve others, and to seek justice.”

“The primary program is undergraduate instruction in the liberal arts that leads to a bachelor of arts degree. The curriculum includes programs in the arts, sciences, social sciences, and humanities. The program emphasizes academic breadth and depth supported by essential foundational skills, such as critical thinking, clear communication, careful analysis, and synthesis of information, that are relevant in every line of work and study. The college's enrollment in fall 2023 (fiscal 2024) was approximately 3,200 including approximately 830 first-year students.”

“Change in interest rate swap agreement 682,819. Post retirement benefit changes 4,772,536.”